Exhibit 7-5 in Exhibit 7-5, What Is Variable Cost

question 57

Multiple Choice

Exhibit 7-5 In Exhibit 7-5, what is variable cost when no output is being produced?

• A)$0
• B)$10
• C)infinity
• D)it is impossible to calculate variable cost unless we know the daily wage
• E)it is impossible to calculate variable cost unless we know fixed cost at Q = 0

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